Finding a new bank doesn’t have to be a hassle with us. This is our list of the best banks in Pennsylvania.

Find the best CD rates in Pennsylvania today.

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1. First National Bank

Savings APY: 0.01%

CD APY: 12 Month: 0.50% APY, 24 Month: 0.75% APY, 36 Month: 0.75% APY, 48 Month: 0.75% APY, 60 Month: 1.00% APY

Monthly Fees: $0

Federally Insured by: Federal Deposit Insurance Corporation (FDIC)

How many branches are in the State? First National Bank has 332 branches, 987 ATMs along with 432 Smart Deposit centers across the United States.

Pros:

  • Debit cards with checking and savings account
  • Low minimum opening deposit amount
  • Online, mobile and tele banking services

Cons

  • Debit cards with checking and savings account
  • Low minimum opening deposit amount
  • Online, mobile and tele banking services

The first on our list of the best banks in the state, First National Bank is headquartered in Pittsburgh, Pennsylvania and is the largest subsidiary of F.N.B. Corporation. It was first incorporated as The People’s Bank in 1852, the bank has grown significantly till date. The bank’s total assets are worth more than $2.5 billion and a workforce of 250+ employees.

First National Bank offers personal and business banking solutions including savings, checking, IRAs, CDs and loans of all types. It also extends wealth management services to its clients.

The services and products of the bank are accessible through mobile banking 24/7. Customers also have access to digital banking which is safe and secure. The bank also has a telephone line to offer banking and investment related advice and services to its customers.

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2. Santander Bank

Savings APY: 0.03%

CD APY: 0.10%

Monthly Fees: $0

Federally Insured by: Federal Deposit Insurance Corporation (FDIC)

How many branches are in the State? Santander Bank has 650 branches in 60 different cities and towns in the state of Pennsylvania.2000+ATMs across the Northeast and in Pennsylvania. It has 389 more offices in eight states of America.

Pros:

  • Monthly fee can be easily waived off
  • Free overdraft protection
  • Easy to roll the interest from CDs to other investment options

Cons

  • Limited number of ATMs
  • Availability only in Northeast
  • Low interest rates compared to others

Previously known as Sovereign Bank, Santander Bank is a subsidiary of the Spanish Santander Group. The bank is headquartered in Boston and extends financial and banking services to the Northeast region of America. The bank employs over 9800 people and holds assets worth $89.5 billion in assets, making it one of the largest banks in the entire country.

The bank’s service and product portfolio is large as it offers checking accounts, savings accounts, money market accounts, CDs, credit cards, personal, vehicle, home and student loans, as well as retirement and investment planning services. The bank has a dedicated division to handle mutual funds, asset allocation, life insurance services and more. The services and products by Santander Bank are available for both individuals and businesses.

Santander Bank is known for high customer service standards. They have a mobile app along with a digital banking feature which makes customer’s journey with them very easy and smooth, making it one of the best banks in Pennsylvania for customers who value user experience.

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3. TD Bank

Savings APY: 0.02%

CD APY: 0.05% to 4.75% on different terms

Monthly Fees: $5 maintenance fee

Federally Insured by: Federal Deposit Insurance Corporation (FDIC)

How many branches are in the State? There are 192 TD Bank Stores & ATMs In Pennsylvania. The bank also has branches in 63 Pennsylvania cities & towns.

Pros:

  • Relatively low minimum balance requirement
  • Easy and affordable monthly fees waiver
  • Availability through extended banking hours
  • No fees on foreign transactions

Cons

  • Low APY
  • Physically available in East Coast only
  • Free checking not available

TD Bank was founded in 1855 as a subsidiary of the Canadian Toronto Dominion Bank and is one of the best banks in Pennsylvania. The bank is headquartered in Cherry Hill, New Jersey and has a reputed presence worldwide. With a rich service portfolio, TD bank currently caters to the banking and financial requirements of over 26 million people across the globe. It also has 1200+ physical offices in the world.

TD bank offers savings accounts, checking accounts, money market accounts, certificates of deposit, credit cards and loan services to individuals and businesses (small to large scale). They also have extended hour working provisions on most of their physical branches.

The bank holds assets worth $405.22 billion and is one of the world’s largest banks. The bank offers mobile banking and digital banking features.

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4. Citizens Bank

Savings APY: 3.75%

CD APY: 3.45%

Monthly Fees: $0

Federally Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? Citizens Bank has 299 branches and 3100+ ATMs across 11 states of America.

Pros:

  • GoalTrack savings option
  • 24/7 customer service
  • One deposit checking account

Cons

  • Heavy overdraft fees
  • Poor APY profile

Previously known as Citizens Access, the Citizens Bank is a leading financial institution in America. The bank offers both online and offline banking services and is a leading bank in Pennsylvania.

Citizens banks has a large product portfolio comprising of checking accounts, savings accounts, certificates of deposit, IRAs, loans and more. The banking and financial solutions are available for both personal and business banking.

Citizen Banks also offer excellent customer service. It has Citizens Checkup, a tool that allows customers personalized help with personal finance. The user can evaluate finances, plan for retirement, plan a financial strategy to reach a specific goal, and more.

As of June 30, 2022, Citizens Financial Group, Inc., one of the nation’s oldest and largest financial institutions, held assets worth $226.7 billion, making it clear that this is one of the best banks in Pennsylvania.

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5. CIT Bank

Savings APY: 3.85% on a minimum opening deposit of $100

CD APY: Upto 4.75% depending on the term

Monthly Fees: $0

Federally Insured by: FDIC (Federal Deposit Insurance Corporation)

How many branches are in the State? CIT Bank has more than 600 branches in 20+ states of America.

Pros:

  • High APY rates
  • Refunds on ATM fees
  • 24/7 customer service
  • No monthly fees
  • Interest in checking accounts

Cons

  • The APY on CDs is low compared to other institutions

CIT Bank is an online financial institution. The bank started in 1908 and is headquartered in Salt Lake City, UT. It is a division of First Citizens Bank. The bank offers its services through CIT BANK SAVINGS CONNECT which is available in all 50 states of the country.

The bank offers financial and banking solutions to individuals and businesses. Their product portfolio includes savings accounts, checking accounts, CDs, home loans & mortgages, and more. It is America’s leading bank in lending, leasing, and banking services to middle-market companies and small businesses, making it one of the best banks in Pennsylvania for entrepreneurs.

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6. PSECU Credit Union

Savings APY: 0.45%

CD APY: 1.50% to 3.70%

Monthly Fees: $20 membership fees

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Pennsylvania State Employees Credit Union has 10 offices located throughout the US and 40,000+ withdrawal ATMs through Allpoint Network

Pros:

  • No monthly fees on checking accounts
  • basic-style checks are free with your account
  • Free Overdraft Protection Transfer Service
  • $.05 or $.10 rewards on debit cards on eligible purchases

Cons

  • Comparatively low yields on savings

Pennsylvania State Employees Credit Union Is headquartered in Harrisburg and is the biggest credit union in the state of Pennsylvania. Established in 1933, the credit union has grown tremendously and today has over 764  employees and is also the 31st largest credit Union in the United States.

The credit union accepts all U.S. citizens and resident aliens as members and has a strong network of  557,227 members. Their money market rates are 7X the national average and are the most trusted financial institution in the state.

Pennsylvania State Employees Credit Union offers banking, loans, credit cards,, and investment and insurance solutions to individuals and businesses. All the banking solutions are accessible through the digital banking feature of the credit union.

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7. Philadelphia Federal Credit Union

Savings APY: 0.20%

CD APY: 2.75% $500 with a minimum amount

Monthly Fees: No monthly maintenance fee

Federally Insured by: National Credit Union Association (NCUA)

How many branches are in the State? Philadelphia Federal Credit Union has 11 branches in Pennsylvania.

Pros:

  • High-yield savings account
  • B+ health rating
  • CD rates are 3 times the national coverage

Cons

  • Limited investment and savings options
  • Limited branches in the state
  • Compromised customer service

Philadelphia Federal Credit Union is the 8th largest credit union in Pennsylvania and one of the best banks in the state. It was founded in 1951 and offers membership primarily to federal, state, and local government employees and their families.

The credit union deals in different types of financial products and services including but not limited to checking, savings, CD, and money market accounts, plus personal loans, car/ truck/ SUV loans,, and much more. The financial services of the credit union are available as personal and small business banking solutions. They offer high APY and competitive interest rates on loans and mortgages.

Philadelphia Federal Credit Union holds assets worth $1.5 billion and has a member network of 122,000 +.

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8. Cross Valley Federal Credit Union

Savings APY: 0.01%

CD APY: 1.00% to 2.25%

Monthly Fees: $5.00

Federally Insured by: National Credit Union Association (NCUA)

How many branches are in the State? Cross Valley Federal Credit Union has 6 branches and partnerships with 55,000 Surcharge-Free ATMs worldwide.

Pros:

  • 24/7 access through mobile banking and net banking
  • Deposit-taking ATM network
  • Minimal membership fee

Cons

  • Limited certificate options
  • Exclusive membership for Select Employee Groups

Cross Valley Federal Credit Union was first chartered as the Wilkes-Barre Federal Employees Federal Credit Union in 1969 and later in 2008 obtained a community charter from NCUA to offer its financial services to anyone who lives, works, worships, or attends school in the Pennsylvania Counties of Luzerne, Lackawanna, or Wyoming. The credit union currently holds over $200 million in assets and serves over 19,000 members.

The credit Union is one of the largest credit unions in Pennsylvania and offers unique financial solutions including share solutions, share draft solutions, 2nd chance share draft, certificates, IRA solutions, youth solutions, and loans for home, personal, credit cards, students, and more.

The service portfolio of the credit union also includes Direct deposit, Overdraft Protection, Insurance solutions, Retirement planning,, and more. All the financial services offered by Cross Valley Federal Credit Union are available online and through mobile banking, customers can also access their banking requirements through the Interactive teller machine feature.

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9. First Commonwealth Federal Credit Union

Savings APY: 0.01% with a $5 minimum balance

CD APY: 4.56% for 7 months and 4.00% for 27 months with a $500 minimum balance

Monthly Fees: $5 to $15 on different checking accounts

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? First Commonwealth Federal Credit Union has 13 branches and 12 ATMs across Pennsylvania.

Pros:

  • Offers online, mobile,, and phone banking system
  • Digital cash management feature
  • 24/7 access to banking services and customer support

Cons

  • Low APY on savings and CDs
  • Limited Certificate options are available
  • Monthly maintenance fees

Next on our list of the best banks in Pennsylvania is First Commonwealth Federal Credit Union, which was founded in 1959 and is the 12th largest credit union in the state of Pennsylvania. The Credit union owns assets worth $782.86 Million and has a strong customer base of 70,000+ members. The credit union offers its services through online banking and also has a mobile app for easy and 24/7 access to the accounts.

Headquartered in Allentown, First Commonwealth Federal Credit Union offers checking accounts, saving accounts, IRAs, and certificates along with vehicle, home equity, mortgages, and credit card loans. The credit union’s services are available on phone banking and it also has a Digital Cash Management feature.

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10. Grove City Area Federal Credit Union

Savings APY: 0.20%

CD APY: 0.75% for 6 months, 1.50% for 12 months, 1.75% for 18 months, 2.00% for 24 months,, and 2.50% for 36 months

Monthly Fees:

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Grove City Area Federal Credit Union has 3 branches one each in Mercer County, Butler county, and Venango County.

Pros:

  • No monthly maintenance fee
  • NCUA insured to the maximum
  • 24/7 customer support
  • Mobile banking and online banking features are available

Cons

  • Limited product portfolio
  • Low APY on savings account
  • Comparatively lower APY on CDs

Grove City Area Federal Credit Union was chartered in April 1950 by and for the employees and family of the Cooper Bessemer Co. Later, the credit union was reformed to offer financial services to the residents of Grove City and surrounding areas.

The credit union is dedicated to offering premium banking and other financial solutions to its customers. They extend a wide range of financial services to

Individuals and businesses include checking accounts, youth accounts, savings accounts, loan services, and more.

The credit union is accessible through online banking mode and also has a 24/7, 365 days contact service by phone. Customers can also finance, deposit checks, transfer funds, pay bills, view e-Statements, and more with Grove City Area FCU Mobile App, making it one of the best banks in Pennsylvania for customers who prefer mobile banking!

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11. Inspire Federal Credit Union

Savings APY: 1.51% with a $5 to $5000 minimum amount

CD APY: 0.50% to 3.25% APY with a $500 minimum amount

Monthly Fees: $15 maintenance fee

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Inspire Federal Credit Union has 4 branches in Bucks County, PA, and 30,000+ surcharge-free ATMs nationwide.

Pros:

  • High-yield savings account
  • Low minimum deposit requirements
  • access to widespread surcharge-free ATMs nationwide.

Cons

  • Limited branches in PA
  • Maintenance fee on savings and CDs

Another one of the best banks in Pennsylvania, Inspire Federal Credit Union is a progressive financial institution that offers its customers competitive and futuristic banking solutions. It is an 80 years old banking institution started by and for the Bucks County community members. It has been voted the Best Credit Union of Bucks County since 2013 by the Bucks County community.

The Inspire Federal Credit Union offers a wide range of personal banking options including checking accounts, savings accounts, retirement accounts, specialty accounts, and youth accounts along with different loan options such as auto loans, home loans and mortgages, personal loans, home equity loans, and line of credit.

The credit union also extends insurance services for auto, home, renters, and life. To make banking easier for its customers, Inspire Federal Credit Union offers solutions through digital banking and telebanking. It also offers financial planning services to individuals.

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12. Clearview Federal Credit Union

Savings APY: 0.05%

CD APY: .35% to 2.50% APY with a minimum deposit of $500 and $1000 for different terms

Monthly Fees: No monthly fees

Federally Insured by: NCUA (National Credit Union Administration)

How many branches are in the State? Clearview Federal Credit Union has 14 branches in Pennsylvania and several surcharge-free and deposit ATMs.

Pros:

  • High APY and interest rates on CDs
  • No monthly
  • Banking through digital banking and Clearview Live® Video Banking

Cons

  • Low APY on savings account
  • Located locally in Pennsylvania

Finishing off our list of the best banks in Pennsylvania, Clearview Federal Credit Union was established in 1953 and in its 60 years of existence it has become one of Southwestern Pennsylvania’s largest credit unions from being a small financial institution. It was first started as Allegheny Airlines Federal Credit Union by the Allegheny Airlines employees as a member-owned financial cooperative.

The credit union is known to offer the best rates in Pennsylvania along with low or no-fee banking products. They deal in business services, car loans, checking, credit cards, home equity, investments, mortgages, personal loans, savings & CDs, student loans and more. Clearview Federal Credit Union provides remote access to banking products through digital banking. It also has a Clearview Live® Video Banking option as well as a well-woven co-op shared branch network across the nation.